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The latest update is out from Lee & Man Paper Manufacturing ( (HK:2314) ).
Lee & Man Paper Manufacturing announced a further extension of a loan maturity date and revision of loan terms with its joint venture in China. The loan amount has been adjusted from RMB60 million to RMB55 million, with the interest rate reduced from 3.5% to 3.0%, and the maturity date extended to December 31, 2028. This transaction, considered a connected transaction under the Listing Rules, reflects the company’s ongoing financial adjustments and strategic management of its joint venture partnerships.
The most recent analyst rating on (HK:2314) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Lee & Man Paper Manufacturing stock, see the HK:2314 Stock Forecast page.
More about Lee & Man Paper Manufacturing
Lee & Man Paper Manufacturing is a company involved in the paper manufacturing industry, focusing on producing a variety of paper products. The company operates in the market with a significant presence in China, emphasizing joint ventures and strategic partnerships to enhance its operations.
Average Trading Volume: 4,432,493
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.41B
For an in-depth examination of 2314 stock, go to TipRanks’ Overview page.